Monday, 19/12/2011 17:48

CCL: Explanation for business result in Q3.2011

Cuu Long Petro Urban Development and Investment Corporation (HOSE: CCL) explained the down-ten-percent difference in business result between QIII/2011 and QIII/2010:

                                                                    Unit: VND

Items

QIII/2011

QIII/2010

Ratio (%)

Total revenue

16,394,065,058

87,279,357,574

18.78

Total expenses

13,184,881,288

61,266,095,503

21.52

Total profit before tax

3,209,183,770

25,977,473,603

12.35

Profit after tax

2,786,312,261

19,854,525,775

14.03

- Reason: In 2011, the financial situation difficult for business real estate, but business activities of the company has steadily increased in 2011. However, the items of QIII/2011 was lower than the same period of last year because in 2011 the 5A project was positively evaluated in contributing to expansion Soc Trang city, which attracts investors to sales increased in the end 2010 to 2011.

HNX

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